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Orrstown Financial Services buys Wheatland Advisors

Shippensburg, Pa.-based Orrstown Financial Services Inc., parent of Orrstown Bank, completed the acquisition of Lancaster, Pa.-based Wheatland Advisors Inc.

According to a Dec. 12 regulatory filing, the registered investment adviser will operate in the same location under the same name following the completion of the merger. Its former owner, Richard Heilig, will remain affiliated with the firm, playing an active role in managing the clients he has serviced for almost three decades.

The acquisition is part of Orrstown Financial's planned expansion into Lancaster County, Pa.

Also, Orrstown Financial started construction in the week of Dec. 5 on a new Manheim Pike branch at 566 Lausch Lane and will open another branch in New Holland in August 2017.